Pinduoduo ($PDD) loses spot on Goldman Sachs' conviction list

Goldman Sachs removed PDD Holdings Inc (NASDAQ: PDD) from its “conviction list” on Monday. Shares of the online retailer are still in the green at writing.Pinduoduo stock downgraded to neutralCopy link to sectionThe investment bank downgraded Pinduoduo this morning to “neutral” and trimmed its price target to $136 a share. Goldman Sachs removed$PDD from its conviction list today citing unfavourable risk-reward. Pinduoduo stock remained on that list for just over three months during with it lost close to 23 ...